MKR

Maker Teleport will make it possible to instantaneously move DAI directly between select Layer 2 networks.

Storied DeFi Player Struggles to Balance Growth and Decentralization

A new proposal takes aim at the disparity between MKR and DAI.

The Maker Foundation is sending 84K MKR tokens, worth $512M at the time of writing, to its DAO’s Treasury. The move is a major step towards further decentralizing the protocol. MKR holders will now decide via governance how the 84K tokens will be spent. Tokenholder governance will also oversee employees who were previously supported by…

MakerDAO has casually reintroduced stability fees for the ~$900M worth of DAI now in circulation. Maker’s MKR holders voted to raise the protocol’s stability fee – similar to interest rates for Dai borrowers –  to 2% for ETH collateral from 0%, the highest since January. The reintroduction of stability fees sets Maker on track to…